Kolte-Patil Developers Ltd has entered into a joint development agreement for a 5-acre residential project in Bhugaon, Pune, with an expected Gross Development Value (GDV) of ₹8.50 billion. The project will feature modern apartments and amenities, reinforcing the company’s strong presence in Pune’s premium housing market.
Kolte-Patil Developers Ltd, one of Pune’s leading real estate firms, has announced a new joint development project in Bhugaon, Pune. The project, spread across 5 acres, is expected to generate a GDV of ₹8.50 billion, underscoring the company’s growth strategy in Western Pune’s residential corridor.
Notable Updates
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Project Size: 5 acres of prime land in Bhugaon, a rapidly developing suburb of Pune.
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GDV Potential: Estimated at ₹8.50 billion, highlighting strong revenue prospects.
Major Takeaways
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Residential Focus: The project will include 2 & 3 BHK apartments, designed with modern amenities and green spaces.
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Strategic Location: Bhugaon offers proximity to Hinjewadi IT Park and Pune city center, making it attractive for professionals and families.
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Timeline: Launch expected by mid-2026, with possession scheduled for 2030.
Important Points
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The project strengthens Kolte-Patil’s portfolio in Pune’s premium housing market.
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Joint development reduces upfront land acquisition costs while ensuring scalability.
The initiative aligns with rising demand for well-connected, lifestyle-driven housing in Pune.
Sources: Kolte Patil Bhugaon Official Project Page, Kolte Patil Bhugaon Pune Overview